Magnum Ice Cream Buyout Buzz: Blackstone and CD&R Circle Ben & Jerry’s Owner After Stock Slide
Blackstone and Clayton, Dubilier & Rice have started looking at possible bids for The Magnum Ice Cream Company N.V.—the company behind Ben & Jerry’s and Cornetto—according to two sources cited by Reuters on Friday. Magnum shares surged close to 16% following the news, heading for their steepest one-day climb since the stock’s debut.